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According to official data, economic growth in the eurozone in November showed the slowest pace in almost 4 years, which lowers hopes for the recovery of growth in the fourth quarter, Bloomberg reports. IHS Markit pointed out that the composite PMI index in November was 52.4 points, down from 53.1 points in October. Experts had expected a less significant drop in the index - only up to 53 points. A reduction in global demand and the escalation of trade conflicts has a negative impact on production in the region. The manufacturing PMI fell in November to 51.5 points, in the service sector - to 53.1 points. Both figures were the lowest in more than 2 years.
The outlook for India’s struggling economy has darkened further on weak business activities and surging virus cases. This will likely prompt the Reserve Bank of India to lower interest rates again, a Reuters survey showed. According ...
After a record decline seen last quarter, Britain’s economy is expected to grow at its most rapid pace in decades. The recovery is likely as large portions of the economy resumed operations after coronavirus-related lockdowns were lifted. Despite ...
The second quarter likely saw South Korea’s economy hitting its sharpest downturn in over two decades, a Reuters survey showed on Tuesday. This was mainly from the pandemic dragging the labor market, consumer spending, and global export ...
The Bank of Thailand chief on Monday said that it could take several years for the country’s foreign tourism industry to recover as the economy continues to take a beating from the COVID-19 pandemic. The central bank expects foreign ...
After a steep decline at the start of the year, China’s economy showed vast recovery in the second quarter despite still getting plagued with major economic debacles in weak domestic consumption and investment amid the unrelenting coronavirus ...
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